Sumitomo Life Insurance Co. Invests $1.85 Million in Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Life Insurance Co. acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,011 shares of the conglomerate’s stock, valued at approximately $1,848,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Carlisle Companies during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies in the third quarter valued at $32,000. True Wealth Design LLC grew its holdings in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the period. UMB Bank n.a. raised its position in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. Finally, Quarry LP lifted its holdings in Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $389.53 on Thursday. The company has a market cap of $17.66 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The company’s fifty day moving average is $404.24 and its two-hundred day moving average is $419.74. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12-month low of $310.04 and a 12-month high of $481.26.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.03%. Carlisle Companies’s payout ratio is presently 14.15%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSL. Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Loop Capital dropped their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Robert W. Baird reduced their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group cut their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.